952d

Any person who holds a license issued by the Commissioner in any capacity shall be bound to display the same as evidence of his/her authority to engage in the insurance business in Puerto Rico.Should the Commissioner issue a certificate as evidence of the license granted, the person thus authorized shall be bound to exhibit said certificate in a visible place of his/her place of business. Likewise, should the Commissioner issue an identification card as evidence of the license granted, the person thus authorized shall carry the same on his/her person while conducting insurance business and show the same every time he/she is asked to do so.Any person to whom the Commissioner issues a license shall be bound to protect and use the same exclusively for the purposes related to the business for which he/she is authorized. Should said license be lost, replacing the same shall entail the payment of the fees established by the Commissioner. History —Ins. Code, added as § 9.350 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.